Prepare for a wild week for mortgage rates! What will Friday's employment report do to mortgage rates? Stocks are high early this morning with the Dow setting a new all-time high. June Personal Income & Spending reports were released today, whowing that incomes were unchanged, with spending increasing a mere 0.1%.

Compared to Tuesday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rate option.

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Professionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day.

Stay in "the know" on a daily basis by downloading my free APP by visiting www.JasonGordon.info(this APP also includes one of the best online mortgage calculators available).

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual facts to analyze...share this report with those whom you care about!

The following information is current as of Tuesday 8-1-2017 and will help you understand today's best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.

The market closed Monday with a slight IMPROVEMENT to pricing. Monday's IMPROVEMENTnetted a change of 3 basis points (bps).

(Note: Upward activity on these charts is GOOD, downward activity is BAD).

The following chart summarizes today's market activity:

The following chart shows market activity over the past 10 days (hint: green is good, red is bad)

The following chart shows market activity over the past 1 month:

The following chart shows market activity over the past 3 months:

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications).

NOTE: This Lender has quoted a scenario involving a 740+ credit score, 25% down payment, owner occupied, single family residence, with impound account, with a loan amount up to $417,000 to accompany this pricing.

It bears noting that this chart does not necessarily represent today's best mortgage rates.

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason Gordon in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software and/or The TBWS Group.

Not all Mortgage Lenders are alike! Find out what Clients, Real Estate Agents and other Financial & Legal Professionals have to say about Jason Gordon.

Attention Real Estate Agents!

Ever heard of a Lender having more "skin in the game" during escrow than a Buyer? Ever wish a Lender would put their money where their mouth is? Learn how the Protect Your Transaction (PYT) program will improve the negotiation leverage for a Buyer, as well as how PYT benefits the Seller & Realtors in this short video.

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